MGMT vs. AVUV
Compare and contrast key facts about Ballast Small/Mid Cap ETF (MGMT) and Avantis U.S. Small Cap Value ETF (AVUV).
MGMT and AVUV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGMT is an actively managed fund by Inverdale Capital Management LLC. It was launched on Dec 2, 2020. AVUV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGMT or AVUV.
Key characteristics
| MGMT | AVUV | |
|---|---|---|
| YTD Return | -1.22% | 0.52% |
| 1Y Return | 14.68% | 29.90% |
| 3Y Return (Ann) | 2.31% | 7.81% |
| Sharpe Ratio | 0.83 | 1.45 |
| Daily Std Dev | 16.03% | 20.11% |
| Max Drawdown | -24.95% | -49.42% |
| Current Drawdown | -3.59% | -4.00% |
Correlation
The correlation between MGMT and AVUV is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MGMT vs. AVUV - Performance Comparison
In the year-to-date period, MGMT achieves a -1.22% return, which is significantly lower than AVUV's 0.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGMT vs. AVUV - Expense Ratio Comparison
MGMT has a 1.10% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Risk-Adjusted Performance
MGMT vs. AVUV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) and Avantis U.S. Small Cap Value ETF (AVUV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MGMT vs. AVUV - Dividend Comparison
MGMT's dividend yield for the trailing twelve months is around 1.18%, less than AVUV's 1.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MGMT Ballast Small/Mid Cap ETF | 1.18% | 1.16% | 0.90% | 0.26% | 0.00% | 0.00% |
AVUV Avantis U.S. Small Cap Value ETF | 1.64% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
Drawdowns
MGMT vs. AVUV - Drawdown Comparison
The maximum MGMT drawdown since its inception was -24.95%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for MGMT and AVUV. For additional features, visit the drawdowns tool.
Volatility
MGMT vs. AVUV - Volatility Comparison
The current volatility for Ballast Small/Mid Cap ETF (MGMT) is 5.07%, while Avantis U.S. Small Cap Value ETF (AVUV) has a volatility of 5.39%. This indicates that MGMT experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.